BitWaves Review – Is This A Good Opportunity Or Big Scam?
You may have noticed that BitWaves is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about BitWaves, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting BitWaves as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about BitWaves in my BitWaves Review – now you can learn all you need to know about it.
Is BitWaves really a legit business?
Is BitWaves a safe business to join?
Let me show you in my review of BitWaves.
Get started by reading my review below.
Exactly What Is BitWaves?
After going through the BitWaves website, it’s rather clear what sort of company you’re dealing with.
BitWaves doesn’t cite who its founder is, who’s managing the company, or when it was launched. These are all important details to know for any MLM opportunity you’re looking into joining, and none of them are present here.
BitWaves does claim that it’s a “UK registered company”, and following the links found here will redirect you to an incorporation for BitWaves Financial Limited. Morgan Stevenson is the one Director for the company, the incorporation took place on October 3, 2017, and an address in Bedfordshire, England is found as well.
This might look good on the surface, but if you look a bit deeper, you’ll realize that there’s no real meat here.
For starters, it’s incredibly easy to create a UK incorporation no matter where in the world you are. So many MLM underbelly opportunities create this incorporation to trick people into believing they’re based in the UK, but in reality, they’re definitely not.
Secondly, outside of the incorporation documents, there’s no outside mention of Morgan Stevenson to be found. Because of this, it’s very likely that the Morgan Stevenson being described by BitWaves doesn’t really exist.
What Is The BitWaves Product Line?
Taking a gander at BitWaves’ product line, you won’t find anything to see.
Not a single thing is marketed or sold to retail customers, and because of this, you won’t find a drop of retail sales activity. Affiliates are left with only the affiliate membership to offer to those looking for a new income opportunity, and the main pull with this is the offered ROI.
What Can You Tell Me About The Compensation Plan For BitWaves?
Speaking of the income opportunity and ROIs, affiliates are required to invest their own cash in order to start earning.
There are two investment plans that can be chosen from, and they include the following:
- Starter Plan — Affiliates can earn a daily ROI of 4% for 40 days after investing $25 or more
- Perfect Plan — Affiliates can earn an hourly ROI of 0.3% for 450 days after investing $200 or more
To supplement these, affiliates also have the chance to earn on referral commissions.
Referral commissions are paid when an affiliate recruits someone else that also chooses to invest, and they’re managed using a unilevel system.
With this, members have the chance to earn 6% on level one, 2% on level two, and 1% on level three.
What Will It Cost To Join BitWaves?
You can choose to join BitWaves for free, but doing so will only allow you to earn on referral commissions. In order to earn both referral commissions and the advertised ROI, you’ll need to make an investment of at least $25.
In this case, choosing to invest more will allow you to earn more.
Is BitWaves A Scam?
If you have heard that BitWaves is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is BitWaves a scam?
I would say not exactly. However, there are some things to be aware of before joining, which I have detailed in the conclusion.
You will only be successful by recognizing the weaknesses and finding a way to move past them.
Conclusion For My BitWaves Review
Per BitWaves’ website, the company is generating funds for its ROIs through “cryptocurrency & forex trading.” Furthermore, the “majority of the the [sic] profit earned is through trading in cryptocurrency market and forex trading markets.”
However, as you’d probably be able to guess from a company along these lines, there’s no proof to back up the claims being made here.
The only money that is evidently making its way into BitWaves is that of affiliate investments, and as such, newly invested funds are clearly being used to pay ROIs owed to existing members.
With this taking place, BitWaves turns into a Ponzi scheme.
Once investment activity finally dies down, BitWaves will be no more. The anonymous admin(s) will make off with the majority of what’s invested, most affiliates will lose out, and that’ll be it.
Schemes like this come around all the time, and if past companies are anything to go by, BitWaves will be gone before you know it.
I definitely hope you have found value in my Review of BitWaves.
I went into a lot of detail so that you can make a proper decision about whether you want to join or not.
If you do decide to proceed with BitWaves, make sure you take the time to learn how to market yourself!
My training below can help you with that.